
The world’s largest crypto exchange Binance on Thursday said it has successfully completed the Conflux Network (CFX) mainnet integration. The exchange announced Conflux Network (CFX) listing in March 2021, but only accepted deposits and withdrawals for BEP20 CFX tokens. CFX price skyrocketed by over 1500% this year amid demand from China and AI hype.
Binance Completes Conflux Network (CFX) Mainnet Integration
According to an official announcement on May 11, Binance revealed that it has finally completed the Conflux Network (CFX) mainnet integration. The exchange will now support the trading of CFX tokens without converting them to BEP20 CFX tokens.
Users can now deposit and withdraw mainnet CFX tokens through their assigned CFX deposit address on the Conflux Network mainnet within the deposit page on Binance. Binance will support deposits and withdrawals for CFX tokens through the Conflux eSpace, Conflux Core Space, and BNB Smart Chain (BEP20).
On April 11, Binance announced that it will support the Conflux Network (CFX) mainnet integration. The CFX prices jumped 20% after the announcement.
Conflux recorded increased massive trading amid demand for China-linked blockchains and tokens. The Conflux is the only regulatory-compliant blockchain in China and leverages the Tree-Graph consensus mechanism for increased throughput and scalability.
Conflux Network partnered with China Telecom for blockchain products; integrated with Little Red Book, China’s version of Instagram; and deploy Uniswap V3 creating liquidity pools for CFX/USDT and CFX/BTC pairs.
Also Read: Coinbase Receives Backlash For Calling PEPE A “Hate Symbol”
Conflux Price Looks for Upside Momentum
CFX price jumped 1% in the last 24 hours, with the price currently trading at $0.261. The 24-hour low and high are $0.251 and $0.275, respectively. Furthermore, the trading volume has increased slightly in the last 24 hours.
CFX price is down 40% in a month as investors booked profits, but still remains above the initial price where it started to rally. Binance support is likely to push up prices in the next few days.
Also Read: South Korea Prepares for Terra Co-Founder Trial, Do Kwon Extradition
The post Binance Opens Conflux Network (CFX) Mainnet Deposits and Withdrawals appeared first on CoinGape.
- Website
- Mobile app
- Telegram Channel
- Telegram Group
- YouTube
- Binance Referral Link
- Bitmex Referral Link
- (Recommended For Leverage) ByBit Referral Link
- Buy Ledger Nano at discounted price
- Buy Cool Wallets at discounted price
Don't forget to share your review/suggestions for the android app.
All In One Crypto App is an execution-only service provider. The material provided on this website is for information purposes only and should not be understood as investment advice. Any opinion that may be provided on this page does not constitute a recommendation by All In One Crypto App or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page then you do so entirely on your own risks